Tag: commercial liability

WARREN, NJ, February 16, 2012 – The Chubb Group of Insurance Companies has formed a strategic alliance with Vistage International to help private company CEOs address personal and commercial risk management needs. As part of the alliance, Chubb will provide Vistage members with risk management education and access to an array of products and services tailored to their needs. “A strong risk management program, supported by Chubb’s high-quality insurance products and loss control and claims services, can help protect our members and their businesses from the unexpected,” said Jeff Werderman,…

WARREN, NJ, February 1, 2012– Life sciences companies can avoid costly delays in beginning clinical trials in China and Brazil by downloading local insurance certificates through WORLDcert. This online system from the Chubb Group of Insurance Companies can now also be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. “WORLDcert enables clinical trial sponsors, their agents and brokers, and contract research organizations to quickly provide ethics committees with evidence that adequate insurance is in…

A new court case between the Zurich American insurance company and Sony – its client – may set a precedent for future decisions made regarding an organization’s liability and coverage at the time of a data breach. The insurer has stated that it will not cover Sony’s costs for the many class-action lawsuits that have occurred following the massive database breaches it experienced earlier in 2011, and is seeking the support of the courts for its decision. Sony has already reported that it anticipates that the direct financial cost of…

Have businesses been cutting their insurance policies? Many say, yes. The statistics say yes also. With the economy being especially brutal to small-medium business owners, drastic measures have been noted by insurance agents around the country. Many business owners have seen a decrease in premium just due to the lowering of payroll but this wasn’t enough, they cut extras, and anything that was a policy add-on in an effort to lower the premiums. Other approaches have been made to get policy premiums lower too. Strategies such as lowering the amount of coverage…

The demand for green products is growing every year and has now made its way into the insurance world. Major insurer, Fireman’s Fund Insurance Company, is the first to deliver new options like, “Green Insurance”. The property/casualty and commercial insurer are the innovators of green insurance by rewarding their clients with discounts and special “green” coverages. In recent days, the company announced a new referral partnership with Scientific Conservation Incorporation, also known as SCI. SCI specializes in commercial building energy efficiency through Predictive Diagnostics and Analytics systems. Their software solutions…